Common use of Duration Fee Clause in Contracts

Duration Fee. As part of the consideration for each Lender’s Commitment hereunder, the Borrower will pay to the Administrative Agent for the account of each Lender (subject to Section 2.19(a)(ii)) a duration fee on each date set forth below in an amount equal to the percentage set forth opposite such date of the aggregate principal amount of Advances and undrawn Commitments held by such Lender on such date: 90 days after the Closing Date 0.50% 180 days after the Closing Date 0.75% 270 days after the Closing Date 1.00%

Appears in 2 contracts

Samples: 364 Day Bridge Credit Agreement (Takeda Pharmaceutical Co LTD), 364 Day Bridge Credit Agreement (Takeda Pharmaceutical Co LTD)

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Duration Fee. As part of the consideration for each Lender’s Commitment hereunder, the The Borrower will pay to the Administrative Agent for the account of each Lender (subject to Section 2.19(a)(ii)) a duration fee on each date set forth below in an amount equal to the percentage set forth opposite such date of the aggregate principal amount of Advances and undrawn Commitments held by such Lender on such date: 90 days after the Closing Date 0.500.50 % 180 days after the Closing Date 0.750.75 % 270 days after the Closing Date 1.001.00 %

Appears in 2 contracts

Samples: 364 Day Bridge Credit Agreement (AbbVie Inc.), 364 Day Bridge Credit Agreement (AbbVie Inc.)

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Duration Fee. As part of the consideration for each Lender’s Commitment hereunder, the The Borrower will pay to the Administrative Agent for the account of each Lender (subject to Section 2.19(a)(ii), and other than a Defaulting Lender for such time as such Lender is a Defaulting Lender)) a duration fee on each date set forth below in an amount equal to the percentage set forth opposite such date of the aggregate principal amount of Advances and undrawn Commitments held by such Lender on such date: 90 days after the Closing Date 0.500.50 % 180 days after the Closing Date 0.750.75 % 270 days after the Closing Date 1.001.00 %

Appears in 1 contract

Samples: 364 Day Bridge Credit Agreement (Steris Corp)

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